US Stock Market Move | VNET Group, Inc. Sponsored ADR (VNET.US) Rose Over 5% Before Market, Receives Consistent Buy Ratings from Multiple Major Banks.

On Wednesday, VNET Group, Inc. Sponsored ADR (VNET.US) surged more than 5% in pre-market trading, reaching $11.27. Recently, multiple institutions have expressed bullish views on VNET Group, Inc. Sponsored ADR, believing that the company's valuation is undervalued and have significantly increased the company's target price. UBS Group AG had previously listed the company as its top choice among Chinese data center companies, and has now raised the company's target price to $25; Nomura Securities has given the company a buy rating and raised the target price to $20.1; Jefferies Financial Group Inc. has raised the target price to $20.6 and continues to list VNET Group, Inc. Sponsored ADR as one of the top picks in China's AI supply chain.